U.S. - Iron Ores And Concentrates - Market Analysis, Forecast, Size, Trends And Insights
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View PricingIron Ore Price per Ton June 2022
U.S. Iron Ore Export Price per Ton June 2022
In June 2022, the iron ore price per ton amounted to $107 (FOB, US), picking up by 18% against the previous month. Over the period under review, export price indicated a notable expansion from January 2022 to June 2022: its price increased at an average monthly rate of +3.3% over the last five months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2022 figures, iron ore export price increased by +30.7% against April 2022 indices. The most prominent rate of growth was recorded in February 2022 when the average export price increased by 41% against the previous month. As a result, the export price reached the peak level of $128 per ton. From March 2022 to June 2022, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was China ($161 per ton), while the average price for exports to Japan ($54 per ton) was amongst the lowest.
From January 2022 to June 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.
U.S. Iron Ore Export Prices by Type
Prices varied noticeably by the product type; the product with the highest price was iron ores and concentrates, non-agglomerated ($168 per ton), while the average price for exports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) stood at $94 per ton.
From January 2022 to June 2022, the most notable rate of growth in terms of prices was recorded for the following types: iron ore and concentrate, non-agglomerated (+6.9%).
U.S. Iron Ore Exports
After two months of growth, overseas shipments of iron ores and concentrates decreased by -38.8% to 860K tons in June 2022. Over the period under review, exports, however, saw a strong increase. The pace of growth appeared the most rapid in April 2022 with an increase of 114% m-o-m. The exports peaked at 1.4M tons in May 2022, and then contracted sharply in the following month.
In value terms, iron ore exports shrank sharply to $92M (IndexBox estimates) in June 2022. In general, exports, however, showed strong growth. The most prominent rate of growth was recorded in April 2022 with an increase of 87% against the previous month. The exports peaked at $128M in May 2022, and then reduced sharply in the following month.
U.S. Iron Ore Exports by Type
Iron ores and concentrates, agglomerated (excluding roasted iron pyrites) (710K tons) was the largest type of iron ore exported from the United States, with a 83% share of total exports. Moreover, iron ores and concentrates, agglomerated (excluding roasted iron pyrites) exceeded the volume of the second product type, iron ores and concentrates, non-agglomerated (150K tons), fivefold.
From January 2022 to June 2022, the average monthly rate of growth in terms of the volume of export of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) stood at +9.2%.
In value terms, iron ores and concentrates, agglomerated (excluding roasted iron pyrites) ($67M) remains the largest type of iron ore exported from the United States, comprising 73% of total exports. The second position in the ranking was taken by iron ores and concentrates, non-agglomerated ($25M), with a 27% share of total exports.
From January 2022 to June 2022, the average monthly growth rate of the export volume of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) amounted to +11.2%.
U.S. Iron Ore Exports by Country
Canada (622K tons) was the main destination for iron ore exports from the United States, with a 72% share of total exports. Moreover, iron ore exports to Canada exceeded the volume sent to the second major destination, China (146K tons), fourfold. The third position in this ranking was held by India (77K tons), with a 9% share.
From January 2022 to June 2022, the average monthly growth rate of volume to Canada amounted to +12.8%. Exports to the other major destinations recorded the following average monthly rates of exports growth: China (+14.9% per month) and India (+1.5% per month).
In value terms, Canada ($60M) remains the key foreign market for iron ore exports from the United States, comprising 65% of total exports. The second position in the ranking was taken by China ($23M), with a 25% share of total exports. It was followed by India, with an 8.4% share.
From January 2022 to June 2022, the average monthly growth rate of value to Canada stood at +15.0%. Exports to the other major destinations recorded the following average monthly rates of exports growth: China (+21.9% per month) and India (-8.5% per month).
This report provides an in-depth analysis of the iron ore market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 07101000 - Iron ores and concentrates (excluding roasted iron pyrites)
- Prodcom 07101010 -
- Prodcom 07101020 -
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
